KB Associates (Europe) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07475102 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

KB ASSOCIATES (EUROPE) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D Brunton

B P Kearns

REGISTERED OFFICE:

41 Cheshire Street

Market Drayton

Shropshire

TF9 1PH

REGISTERED NUMBER:

07475102 (England and Wales)

ACCOUNTANTS:

Mercantile Business Consultants Ltd

17-19 Regent House

Beam Heath Way

Nantwich

Cheshire

CW5 6PQ

FIXED ASSETS

Tangible assets

2

578,490

761

CURRENT ASSETS

Debtors

38,967

63,159

Cash at bank and in hand

72,695

6,984

111,662

70,143

CREDITORS

Amounts falling due within one year

689,350

59,604

NET CURRENT (LIABILITIES)/ASSETS

(577,688

)

10,539

TOTAL ASSETS LESS CURRENT LIABILITIES

802

11,300

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

702

11,200

SHAREHOLDERS' FUNDS

802

11,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 March 2014 and were signed on its behalf by:

B P Kearns - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

882

Additions

587,815

At 31 December 2013

588,697

DEPRECIATION

At 1 January 2013

121

Charge for year

10,086

At 31 December 2013

10,207

NET BOOK VALUE

At 31 December 2013

578,490

At 31 December 2012

761

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary

1.00

100

100